Lately, in the “First Major Survey of the Status and Needs of Chinese Enterprise Financial Services and Chinese CFOs’ Most Trusted Bank Assessment” conducted by CFO Magazine, CCB won the “Best Value-added Enterprise Financial Service Award”.

CCB is committed to providing customers with the best value-added financial services in China.  In the area of corporate banking services, it endeavours to provide customers with comprehensive yet individualised financial services.  So, on the one hand, it is capitalising on its strengths in providing traditional long and medium-term credit services.  On the other hand, it is actively adapting to the needs of its customers by speeding up the process of product and service innovation and has successively launched such products as trust management, bond services, financial leasing, commercial property mortgage loans, financial consultancy and a family of chattel mortgage products etc.  As one of the first commercial banks qualified to underwrite short-term financing bonds in China, CCB has underwritten 115.4 billion yuan worth of short-term financing bonds since 2005, which is a 19.6 percent share of the market and the highest among the four major state-owned commercial banks in China.  It has also launched the “Qiantu” family of investment products targeted at corporate customers and, in the first half of 2007, 30 batches of corporate financial products have been developed.  Its income from financial consultancy services was 880 million yuan in 2006, while in the first half of 2007, income from this business sector had already reached 994 million yuan.  Moreover, in an effort to widen and deepen its service scope in value-added financial services, CCB has been relentlessly increasing its marketing efforts for businesses such as equity financing and securitisation of assets, etc.  In the area of credit business, CCB is abiding strictly to national macro-economical policies in controlling the size and speed of credit loan placement in an effort to optimise its business structure.  Since the beginning of this year, it has been placing emphasis on the support of major to medium size projects affecting the national economy and the livelihood of the people while stringently limiting credit extensions to high energy-consuming and high polluting industries.  The effect of such adjustment to the loan structure is found to be significant, with lending to corporate customers of A rating or above continuing to make a greater share of all corporate non-discount loans.

While providing better services to its customers, CCB has been able to achieve gratifying results for itself.  As at September 30th 2007, its total asset was RMB6,406,041 million yuan, which was an increase of RMB957,530 million yuan or 17.57% over the end of last year.  As of the first half of 2007, among China’s four major state-owned commercial banks, CCB boasted the highest rate of increase of fee income, the highest interest spread and the best asset quality, whilst its annualised return on average equity and annualised return on average assets continued to lead in China’s banking industry.  From 2004 to 2006, the compound average annual growth rate of CCB’s net interest income was 17.6 percent.  The compound average annual growth rate of its net fee income was 44.8%, and the rates of growth of its various operating income and profits were higher then other major banks.